Canada gains 378,200 jobs, blowing past expectations

London's unemployment rate hovers around national level

However, the amount of unemployed Albertans also increased by 2,800, and the current unemployment rate for the province as a whole is 11.7 per cent.

Job growth in Canada accelerated rather than slowed down last month, as the economy added 378,000 jobs in September, bringing overall employment to within 720,000 of pre-pandemic levels, and dropping the unemployment rate to nine per cent.

London is keeping pace with the national rate which is exactly 9 per cent, while the Forest City sits at 8.9 per cent.

The gains in employment were not evenly distributed, however.

Analysts in a Reuters poll had predicted a gain of 156,600 jobs and for the unemployment rate to fall to 9.7 per cent from 10.2 per cent in August.

Statistics Canada said it polled 50,000 households for its September Labour Force Survey. Because of the spike in reported Covid-19 cases, "not much can be extrapolated from the solid print for September to future labour market readings", Mr. Mendes said.

Wait for over 50 AIoT products in India by December: Realme CEO
Users can switch to the low latency Gaming Mode for flawless sync between video and audio while playing games or watching movies. The Smart TV SLED 4K will also go on sale on the same day on Flipkart for an introductory price of ₹39,999 (~$546).

The number of Canadians who were employed but worked less than half their usual hours for reasons likely related to COVID-19 fell by 108,000, or down 7.1 percent, in September.

"This could be the last great jobs report, because the mothers and youth effects are unlikely to repeat", warned Scotiabank economist Derek Holt in a note on Friday, who added that the back-to-school effect won't happen two months in a row.

New Brunswick and Prince Edward Island were the only provinces which saw a drop in employment.

Manufacturing, which includes high-tech, is up 22 per cent (a net gain of 4,100 jobs since February).

However, Alberta's accommodation and food services sector remained the hardest hit in the year-over-year statistics, with more than 34,000 jobs lost in that period.

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